{"id":{"repo_id":"mit","oai_identifier":"oai:dspace.mit.edu:1721.1/28578"},"canonical_url":"https://search.dev.ndltd.org/etd/mit/oai:dspace.mit.edu:1721.1/28578","repository":{"repo_id":"mit","name":"MIT","base_url":"https://dspace.mit.edu/oai/request"},"display":{"title":"Bidder response to combinatorial auctions in truckload procurement","abstract":"This thesis explores how truckload carriers use conditional bids within the framework of a combinatorial auction to win more business and balance their existing networks. Because a considerable portion of a truckload carrier's cost of serving a given lane is associated with the probability of finding a follow-on load (i.e. economies of scope), bidding on a lane-by-lane basis may not accurately reflect a carrier's true cost of serving that lane. In a combinatorial auction, a truckload carrier can more accurately reflect its true cost of serving a given lane by offering package discounts, conditional on winning lanes that increase the probability of finding follow-on loads. Though a considerable amount has been written about the economics of truckload carrier's operations and the benefits of combinatorial auctions to shippers, few have studied conditional bidding from a bidder's (carrier's) perspective. This thesis makes three contributions. First, an explanation of why bidders do and don't submit conditional bids in combinatorial auctions is provided. Second, a model of carrier costs functions, including package discounts (a measure of economies of scope) is developed. Finally, this thesis examines regional pricing differences, and quantifies the amount by which carriers will change their prices in different regions of the US.","abstract_html":"This thesis explores how truckload carriers use conditional bids within the framework of a combinatorial auction to win more business and balance their existing networks. Because a considerable portion of a truckload carrier's cost of serving a given lane is associated with the probability of finding a follow-on load (i.e. economies of scope), bidding on a lane-by-lane basis may not accurately reflect a carrier's true cost of serving that lane. In a combinatorial auction, a truckload carrier can more accurately reflect its true cost of serving a given lane by offering package discounts, conditional on winning lanes that increase the probability of finding follow-on loads. Though a considerable amount has been written about the economics of truckload carrier's operations and the benefits of combinatorial auctions to shippers, few have studied conditional bidding from a bidder's (carrier's) perspective. This thesis makes three contributions. First, an explanation of why bidders do and don't submit conditional bids in combinatorial auctions is provided. Second, a model of carrier costs functions, including package discounts (a measure of economies of scope) is developed. Finally, this thesis examines regional pricing differences, and quantifies the amount by which carriers will change their prices in different regions of the US.","abstract_has_math":false,"creators":["Plummer Clinton Lee, 1980-"],"institution":"Massachusetts Institute of Technology","degree_name":null,"degree_level":null,"degree_discipline":null,"degree_department":"Massachusetts Institute of Technology. Engineering Systems Division.","school":null,"contributors":[],"advisors":["Yosef Sheffi."],"committee_chairs":[],"committee_members":[],"year":2003,"date_issued":"2003","date_published":"2003","updated_at":"2026-07-22T22:21:43Z","subjects":["Engineering Systems Division."],"languages":["en_US"],"rights":["M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission."],"rights_urls":["http://dspace.mit.edu/handle/1721.1/7582"],"identifier_entries":[]},"links":{"outbound_url":"http://hdl.handle.net/1721.1/28578","outbound_label":"Handle","outbound_source":"dc:identifier.uri"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor.advisor","label":"Advisor","values":["Yosef Sheffi."]},{"key":"dc:contributor.department","label":"Department","values":["Massachusetts Institute of Technology. Engineering Systems Division."]},{"key":"dc:contributor.other","label":"Dc Contributor Other","values":["Massachusetts Institute of Technology. Engineering Systems Division."]},{"key":"dc:creator","label":"Author","values":["Plummer Clinton Lee, 1980-"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date.accessioned","label":"Dc Date Accessioned","values":["2005-09-27T17:07:44Z"]},{"key":"dc:date.available","label":"Dc Date Available","values":["2005-09-27T17:07:44Z"]},{"key":"dc:date.issued","label":"Date","values":["2003"]},{"key":"dc:publisher","label":"Institution","values":["Massachusetts Institute of Technology"]},{"key":"dc:type","label":"Dc Type","values":["Thesis"]}]},{"id":"subjects_keywords","label":"Subjects and Keywords","entries":[{"key":"dc:subject","label":"Dc Subject","values":["Engineering Systems Division."]}]},{"id":"language_rights","label":"Language and Rights","entries":[{"key":"dc:language.iso","label":"Language (ISO)","values":["en_US"]},{"key":"dc:rights","label":"Dc Rights","values":["M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission."]},{"key":"dc:rights.uri","label":"Rights URI","values":["http://dspace.mit.edu/handle/1721.1/7582"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier.uri","label":"Identifier URI","values":["http://hdl.handle.net/1721.1/28578"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description","label":"Description","values":["Thesis (M. Eng. in Logistics)--Massachusetts Institute of Technology, Engineering Systems Division, 2003.","\"June 2003.\"","Includes bibliographical references (p. 62-63)."]},{"key":"dc:description.abstract","label":"Abstract","values":["This thesis explores how truckload carriers use conditional bids within the framework of a combinatorial auction to win more business and balance their existing networks. Because a considerable portion of a truckload carrier's cost of serving a given lane is associated with the probability of finding a follow-on load (i.e. economies of scope), bidding on a lane-by-lane basis may not accurately reflect a carrier's true cost of serving that lane. In a combinatorial auction, a truckload carrier can more accurately reflect its true cost of serving a given lane by offering package discounts, conditional on winning lanes that increase the probability of finding follow-on loads. Though a considerable amount has been written about the economics of truckload carrier's operations and the benefits of combinatorial auctions to shippers, few have studied conditional bidding from a bidder's (carrier's) perspective. This thesis makes three contributions. First, an explanation of why bidders do and don't submit conditional bids in combinatorial auctions is provided. Second, a model of carrier costs functions, including package discounts (a measure of economies of scope) is developed. Finally, this thesis examines regional pricing differences, and quantifies the amount by which carriers will change their prices in different regions of the US."]},{"key":"dc:description.degree","label":"Dc Description Degree","values":["M.Eng.in Logistics"]},{"key":"dc:format.mimetype","label":"Dc Format Mimetype","values":["application/pdf"]},{"key":"dc:title","label":"Title","values":["Bidder response to combinatorial auctions in truckload procurement"]}]}],"canonical_facts":{"dc:contributor.advisor":["Yosef Sheffi."],"dc:contributor.department":["Massachusetts Institute of Technology. Engineering Systems Division."],"dc:contributor.other":["Massachusetts Institute of Technology. Engineering Systems Division."],"dc:creator":["Plummer Clinton Lee, 1980-"],"dc:date.accessioned":["2005-09-27T17:07:44Z"],"dc:date.available":["2005-09-27T17:07:44Z"],"dc:date.issued":["2003"],"dc:description":["Thesis (M. Eng. in Logistics)--Massachusetts Institute of Technology, Engineering Systems Division, 2003.","\"June 2003.\"","Includes bibliographical references (p. 62-63)."],"dc:description.abstract":["This thesis explores how truckload carriers use conditional bids within the framework of a combinatorial auction to win more business and balance their existing networks. Because a considerable portion of a truckload carrier's cost of serving a given lane is associated with the probability of finding a follow-on load (i.e. economies of scope), bidding on a lane-by-lane basis may not accurately reflect a carrier's true cost of serving that lane. In a combinatorial auction, a truckload carrier can more accurately reflect its true cost of serving a given lane by offering package discounts, conditional on winning lanes that increase the probability of finding follow-on loads. Though a considerable amount has been written about the economics of truckload carrier's operations and the benefits of combinatorial auctions to shippers, few have studied conditional bidding from a bidder's (carrier's) perspective. This thesis makes three contributions. First, an explanation of why bidders do and don't submit conditional bids in combinatorial auctions is provided. Second, a model of carrier costs functions, including package discounts (a measure of economies of scope) is developed. Finally, this thesis examines regional pricing differences, and quantifies the amount by which carriers will change their prices in different regions of the US."],"dc:description.degree":["M.Eng.in Logistics"],"dc:format.mimetype":["application/pdf"],"dc:identifier.uri":["http://hdl.handle.net/1721.1/28578"],"dc:language.iso":["en_US"],"dc:publisher":["Massachusetts Institute of Technology"],"dc:rights":["M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission."],"dc:rights.uri":["http://dspace.mit.edu/handle/1721.1/7582"],"dc:subject":["Engineering Systems Division."],"dc:title":["Bidder response to combinatorial auctions in truckload procurement"],"dc:type":["Thesis"]},"updated_at":"2026-07-22T22:21:43Z"}